Nisa Investment Advisors LLC Boosts Holdings in IonQ, Inc. (NYSE:IONQ)

Nisa Investment Advisors LLC raised its holdings in shares of IonQ, Inc. (NYSE:IONQ - Free Report) by 625.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,764 shares of the company's stock after acquiring an additional 16,177 shares during the quarter. Nisa Investment Advisors LLC's holdings in IonQ were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of IonQ by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,420,152 shares of the company's stock worth $38,640,000 after acquiring an additional 199,360 shares during the last quarter. State Street Corp lifted its stake in shares of IonQ by 1.8% during the 3rd quarter. State Street Corp now owns 4,260,880 shares of the company's stock valued at $37,240,000 after buying an additional 75,596 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of IonQ by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,614,034 shares of the company's stock valued at $14,107,000 after buying an additional 135,851 shares in the last quarter. FMR LLC lifted its stake in shares of IonQ by 7.2% during the 3rd quarter. FMR LLC now owns 612,625 shares of the company's stock valued at $5,354,000 after buying an additional 41,125 shares in the last quarter. Finally, Carnegie Investment Counsel purchased a new position in shares of IonQ during the 3rd quarter valued at $5,036,000. Hedge funds and other institutional investors own 41.42% of the company's stock.

Insider Activity at IonQ

In related news, CFO Thomas G. Kramer sold 9,780 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.72, for a total transaction of $290,661.60. Following the transaction, the chief financial officer now directly owns 926,114 shares in the company, valued at approximately $27,524,108.08. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Peter Hume Chapman sold 13,106 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $389,641.38. Following the transaction, the chief executive officer now owns 414,363 shares in the company, valued at $12,319,011.99. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,223 shares of company stock worth $1,314,652. Insiders own 11.60% of the company's stock.

Analysts Set New Price Targets

IONQ has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of IonQ in a research note on Thursday, December 19th. They set a "buy" rating and a $50.00 target price on the stock. Needham & Company LLC boosted their price target on shares of IonQ from $13.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Benchmark boosted their price target on shares of IonQ from $12.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Finally, Craig Hallum boosted their price target on shares of IonQ from $22.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, IonQ currently has an average rating of "Moderate Buy" and an average price target of $33.00.

IonQ Price Performance

Shares of IonQ stock traded up $0.77 during trading hours on Friday, reaching $39.58. The company's stock had a trading volume of 20,040,283 shares, compared to its average volume of 34,840,424. The firm has a 50 day moving average price of $38.38 and a 200-day moving average price of $20.88. IonQ, Inc. has a one year low of $6.22 and a one year high of $54.74. The stock has a market cap of $8.56 billion, a P/E ratio of -48.86 and a beta of 2.43.

IonQ (NYSE:IONQ - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.02). IonQ had a negative return on equity of 36.82% and a negative net margin of 457.85%. The business had revenue of $12.40 million during the quarter, compared to the consensus estimate of $10.56 million. During the same quarter last year, the firm earned ($0.22) earnings per share. The business's quarterly revenue was up 102.1% on a year-over-year basis. As a group, sell-side analysts forecast that IonQ, Inc. will post -0.86 EPS for the current fiscal year.

IonQ Profile

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.